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It's weird you would use the telecom industry as an example of the wonders of laissez faire capitalism. This is an industry that naturally tends toward monopoli
by seanalltogether 11y ago
It's weird you would use the telecom industry as an example of the wonders of laissez faire capitalism. This is an industry that naturally tends toward monopolies and once acquired, have shown in the past a willingness to overcharge and under deliver.
> Europe/Asia is much less regulated in this respect
Do you have a source for that in Europe? Ofcom in the UK is far more powerful then the FCC and actively inserts itself into all aspects of the telecom industry there. Additionally the EU just passed free roaming laws, a pretty big piece of regulation.
https://en.wikipedia.org/wiki/European_Union_roaming_regulations https://en.wikipedia.org/wiki/European_Union_roaming_regulat...
- snitko 11y agoI don't need a source. I'm from Russia and also lived in Latvia. Internet and phone calls are super cheap. I normally pay about $5/mo for my phone (unlimited calls, unlimited 4G internet) and $50/year for a decent internet connection at home. Industries are unregulated and there's a lot of competition.